United Airlines (UAL) Tops Q1 EPS by 90c, Revenues Miss

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Go back to United Airlines (UAL) Tops Q1 EPS by 90c, Revenues Miss

United Airlines Announces First Quarter 2020 Financial Results

April 30, 2020 4:30 PM EDT

CHICAGO, April 30, 2020 /PRNewswire/ -- United Airlines (UAL) today announced first quarter 2020 financial results with a net loss of $1.7 billion, and an adjusted net loss¹ of $639 million. The company also outlined U.S. airline industry-leading efforts to manage through the most disruptive global crisis in the history of aviation. The company's total liquidity as of the close of business on Wednesday, April 29, 2020 was approximately $9.6 billion, including $2 billion under its undrawn revolving credit facility. The company currently expects daily cash burn² to average between $40 million and $45 million during the second quarter of 2020.

"Throughout the COVID-19 crisis... More